2 craft spotted, one with blinking red, green, and blue lights, the other a reddish color

I had just gotten home at about 7:00 and I noticed there was the same craft I had seen the night before in the sky. It was in a slightly different area in the sky, but it still had the same flashing red, green, and blue lights as the night before. It was still doing the same slow, hovering motion too. I went back out about 4 hours later at about 11:00 and I saw that it had moved to the right to a different part of the sky. I also noticed what looked like another craft in the opposite direction. It did not have any blinking lights, but was a light reddish color.It was moving up and down slowly, just like the other craft.